The Mortgage Files
Nationally syndicated mortgage news and advice from Senior Loan Officer Scott Sheldon.
Why your student loan might cost you a house
By Scott Sheldon
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October 6, 2021
For anyone who has ever borrowed money, one of the things that will follow you till the end is a student loan. Repayment terms on a student loan, specifically state that the loan will get paid in full. You can’t short the debt, you can’t bankrupt the debt, and it will follow you until the…
Read MoreWhat you need to know if you are seeking an FHA mortgage with student loans
By Scott Sheldon
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June 18, 2020
If you’re getting mortgage financing to purchase or refinance a house here is the number one thing that you’re going to want to avoid if you have a student loan. FHA mortgages and student loans do not mix here’s why… The Federal Housing Administration specifically requires the lender to use the highest possible amortizing payment…
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